Purchasing property with existing cell towers.

by Stan
(Jerome, Idaho, USA)

I am having issues with purchasing a parcel of land that has 2 existing cell towers on it. The current owner of the property has sold the leases to both towers, without income from the towers they have become a potential liability to the parcel. What steps can be taken with the cell companies to rectify this problem?

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Aug 01, 2011
C'est la vie
by: Tower Genius

Stan you need to find out if the property Owner sold the tower leases perpetually or for a certain term. Usually the cell tower lease buyout companies try to get a perpetual easement on these deals. If that's the case, then you are buying a property with two cell towers that will never have to pay you a dime. In the event that they did not enter into a perpetual agreement, let's say they purchased the lease cash flow for a term of 20 years, then eventually you will be able to see some revenue as long as you aren't pushing daisies and we are still talking on cell phones that utilize cell towers. Unfortunately there isn't much to rectify with the carriers in this instance. If we are missing something here please call us to discuss at 888-313-9750.

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